Which among the following was the reason that led to the establishment of the British East India Company?

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All of the above

Cheap raw materials

High-profit margin in their country

Cheap labour

answer is D.

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Detailed Solution

Cheap labour, cheap raw materials, and high-profit margins in their country were the reasons that led to the establishment of the British East India Company. The East India Company wanted to gain a share of the East Indian spice trade. The East India Company was founded as a trading company to trade across the seas, primarily from India. Trading was the most lucrative venture at the time before Britain's industrialization. They purchase species and cotton from India at a low cost and sell the product in Europe with a profit of 3 to 4 times.

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